US 10-year bond yield reversed and now trading @ 2.82%, Dollar Index back above 106 – risk-on sentiment back in focus.
Indian market will react to SBIN earnings, mix set of earnings coming for Q1FY23, miss was mainly on account of treasury loss.
Approach on Indices: One more attempt towards higher level could be on back of short covering & we remain cautious as far as positional view.
Market View: We continue to focus on Mid-cap & Small-cap with a stock specific approach. We would prefer “Sell-on-Rise” strategy and reduce exposure with a short-term view and focus on inflation data of US due on Wednesday & India’s CPI on Friday.
SGX Nifty @ 17384 down 39.50 points at 8:10 AM
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